Regional Vice President of Sales The Retirement Plan Company
|
AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
TIGTA Audit Shows IRS Struggling with Technology to Enforce ACA Employer Mandate
Accord Apr. 13, 2017
"The technological trouble the IRS is experiencing is undoubtedly one of the reasons the IRS has not penalized a single employer under the employer mandate.... The first major issue the ... is the inability of the IRS's systems to timely and accurately transfer the Forms 1094-C and 1095-C that were submitted in paper format to the electronic ACA Information Returns system (AIR system).... [T]he AIR system was unable to accurately generate error codes when an error condition existed [and] generated error codes when no error condition existed.... The audit reviewed an IRS management report from April 12, 2016 that had rejected 6.2 million Forms 1095-C because of a missing code in line 14. However, the auditors' review of the Forms 1095-C in question showed that this error condition only occurred 828 times within the 6.2 million Forms."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |